This chemical is primarily utilized in the synthesis of specialized polymers and surfactants due to its unique structure, which combines hydrophilic and hydrophobic properties. It serves as a key intermediate in the production of non-ionic surfactants, which are widely used in detergents, emulsifiers, and wetting agents. Its ability to form stable emulsions makes it valuable in the formulation of personal care products such as lotions, creams, and shampoos. Additionally, it is employed in the development of advanced materials, including biodegradable plastics and coatings, where its solubility and reactivity play a crucial role. In the pharmaceutical industry, it is used as a building block for drug delivery systems, enhancing the solubility and bioavailability of active pharmaceutical ingredients. Its versatile applications also extend to the field of nanotechnology, where it aids in the stabilization of nanoparticles and the creation of functionalized surfaces.